tom peters’ re-imagine! business excellence in a disruptive age interlaken/11january2005

Tom Peters’

Re-Imagine!Business Excellence in a Disruptive Age

Interlaken/11January2005

Slides at …

tompeters.com

Re-imagine! Not Your

Father’s World I.

!!!!!!

IBM-Lenovo

“About a year ago I hired a developer in India to do my job. I

pay him $12,000 to do the job I get paid $67,300 for. He is happy to have the work. I am

happy that I only have to work about 90 minutes per day (I still have to attend meetings myself, and I spend a few minutes every day talking code with my Indian counterpart.) The rest of my time my employer thinks I’m telecommuting. They are happy to let me

telecommute because my output is higher than most of my coworkers. Now I’m considering getting a second job and doing the same thing with it. That may be pushing my luck though. The extra money would be nice, but that could push my workday over

five hours.” —from posting at Slashdot (02.04.04), reported by Dan Pink

W (460 terabytes) = 2XI

“GOOGLE IS ADDING MAJOR LIBRARIES TO ITS DATABASE” —NYT/Headline/p1/12.14.2004

02.12.01

Re-imagine!

Not Your Father’s World II.

“A focus on cost-cutting and efficiency has helped many organizations weather the

downturn, but this approach will ultimately

render them obsolete. Only the constant pursuit of

innovation can ensure long-term success.” —Daniel Muzyka, Dean,

Sauder School of Business, Univ of British Columbia (FT/09.17.04)

Re-imagine General Electric

“Welch was to a large degree a growth by acquisition man. ‘In the late ’90s,’ Immelt says, ‘we became business traders, not business growers. Today organic growth is absolutely the biggest task of everyone of our companies. If we don’t

hit our organic growth targets, people are not going to

get paid.’ … Immelt has staked GE’s future growth on the force that guided the

company at it’s birth and for much of its history: breathtaking, mind-

blowing, world-rattling technological innovation.” —“GE Sees the Light”/Business 2.0/July 2004

“Big Pharma’s Blinders: The Blockbuster Mentality Crimps Innovation” (Headline)

“Big Pharma appears remarkably risk averse compared to the armada of small biotech

companies that increasingly produce the most novel drugs. Why? It’s all about the type of organization that the large drug-makers have become. Hugely profitable

thanks to a few blockbusters, Big Pharma is far too focused on looking for the next bestseller. That means spending lots of

development dollars on relatively safe bets, such as statins … But Big Pharma’s focus on finding the next blockbuster means

it is passing up an opportunity to deliver important breakthroughs.”

Source: BusinessWeek/11.29.2004

“We’re now entering a new phase of business

where the group will be a franchising and management company where

brand management is central.” —David

Webster, Chairman, InterContinental Hotels Group

“InterContinental will now have far more to do

with brand ownership than hotel

ownership.” —James Dawson of Charles Stanley (brokerage)

Source: International Herald Tribune, 09.16, on the sacking of CEO Richard North, whose entire background is in finance

My Story.**Complete with context, plot, resolution (though most of it may never happen; though if it doesn’t it’ll be because something even more weird came down)

A Coherent Story: Context-Solution-BedrockContext1: Intense Pressures (China/Tech/Competition)

Context2: Painful/Pitiful Adjustment (Slow, Incremental, Mergers)

Solution1: New Organization (Technology, Web+ Revolution, Virtual-“BestSourcing,”“PSF” “nugget”)

Solution2: No Option: Value-added Strategy (Services- Solutions-Experiences-DreamFulfillment “Ladder”)

Solution3: “Aesthetic” “VA” Capstone (Design-Brands)

Solution4: New Markets (Women, ThirdAge)

Bedrock1: Innovation (New Work, Speed, Weird, Revolution)

Bedrock2: Talent (Best, Creative, Entrepreneurial, Schools)

Bedrock3: Leadership (Passion, Bravado, Energy, Speed)

My “Story”: Tom’s Ten.Five

1. Ideas Matter!2. “Change” Not Sufficient!/Destruction Imperative!3. Disruptive Technology Embraced!4. Value-added Sprint I: “PSF”-Moment (Beyond the “Cost Center”)!/ “Best” Not Enough/R.POV (Remarkable Point Of View)!5. Value-added Sprint II: Branding+/“Dream Merchants” All!/ Age of Aesthetics-Design!6. Value-added Sprint III: Women-Boomer “Strategic” Market Opps! 7. Bold/Brash/Nervy Innovation! Weird Wins! Freak Time! Dramatic Difference!8. Top/Quirky Talent!/Women Rule!/Re-imagine Ed!9. “Bedrock”: Brand Inside-Itinerant Potential Organisms!10. Leading: “Sign Up” for Breathtaking, Game-changing Crusades!(10.5. EXECUTE! BIAS FOR ACTION!)

The General’s

Story.

“If you don’t like change, you’re going to like

irrelevance even less.” —General Eric Shinseki, Chief of Staff. U. S. Army

Everybody’s Story.

“One Singaporean worker costs as much as …

3 … in Malaysia 8 … in Thailand 13 … in China 18 … in India.”

Source: The Straits Times/08.18.03

“Thaksinomics” (after Thaksin Shinawatra, PM)/

“Bangkok Fashion City”:

“managed asset reflation” (add to brand value of Thai

textiles by demonstrating flair and design excellence)


Bedrock & Biases.

Importance of Success Factors by Various “Gurus”/Estimates by Tom Peters

Strategy Systems Passion Execution Porter 50% 20 15 15

Drucker 35% 30 15 20

Bennis 25% 20 30 25

Peters 15% 20 35 30

Everything You Need to Know about “Strategy”

1. Do you have awesome Talent … everywhere? Do you push that Talent to pursue Audacious Quests?2. Is your Talent Pool loaded with wonderfully peculiar people who others wouldcall “problems”? And what about your Extended Community of customers, vendors et al?3. Is your Board of Directors as cool as your product offerings … and does it have50 percent (or at least one-third) Women Members?4. Long-term, it’s a “Top-line World”: Is creating a “culture” that cherishes above all things Innovation and Entrepreneurship your primary aim? Remember: Innovation … not Imitation!5. Are the Ultimate Rewards heaped upon those who exhibit an unswerving “Bias for Action,” to quote the co-authors of In Search of Excellence? 6. Do you routinely use hot, aspirational words-terms like “Excellence” and B.H.A.G. (Big Hairy Audacious Goal, per Jim Collins) and “Let’s make a dent in the Universe” (the Word according to Steve Jobs)? Is “Reward excellent failures, punish mediocre successes” your de facto or de jure motto?7. Do you subscribe to Jerry Garcia’s dictum: “We do not merely want to be the best of the best, we want to be the only ones who do what we do”?8. Do you elaborate on and enhance Jerry G’s dictum by adding, “We subscribe to ‘Best Sourcing’—and only want to associate with the ‘best of the best’.” 9. Do you embrace the new technologies with child-like enthusiasm and a revolutionary’s zeal?10. Do you “serve” and “satisfy” customers … or “go berserk” attempting to provide every customer with an “awesome experience” that does nothing less than transform the way she or he sees the world?11. Do you understand … to your very marrow … that the two biggest under-served markets are Women and Boomers-Geezers? And that to “take advantage” of these two Monster “Trends” (FACTS OF LIFE) requires fundamental re-alignment of the enterprise?12. Are your leaders accessible? Do they wear their passion on their sleeves? Does integrity ooze out of every pore of the enterprise? Is “We care” your implicit motto?13. Do you understand business mantra #1 of the ’00s: DON’T TRY TO COMPETEWITH WAL*MART ON PRICE OR CHINA ON COST? (And if you get this last idea, then see the 12 above!)

“In Tom’s world, it’s always better to try a

swan dive and deliver a

colossal belly flop than to step timidly off the

board while holding your nose.” —Fast Company /October2003

Hardball: Are You Playing to Play or Playing to Win? by George Stalk & Rob Lachenauer/HBS Press

“The winners in business have always played hardball.” “Unleash massive and overwhelming force.” “Exploit

anomalies.” “Threaten your competitor’s profit sanctuaries.” “Entice your competitor into retreat.”

Approximately 640 Index entries: Customer/s (service,

retention, loyalty), 4. People (employees, motivation, morale, worker/s), 0.

Innovation (product development, research & development, new products), 0.

1. Re-imagine Everything: All Bets Are Off.

Jobs New Technology

GlobalizationSecurity

“Income Confers No Immunity as Jobs Migrate” —Headline/USA Today/02.04

GainsPeople skills & emotional intelligence (financial service sales, 78%/248K; RNs, 28%/512K; lawyers, 24%/182K)

Imagination & creativity (architects, 44%/60K; designers, 43%/230K; photographers, 38%/50K)

Analytic reasoning (legal assts, 66%/159K; electronic engineers, 28%/147K)

Source: “Where the Jobs Are”/NYT/05.13.2004/data 1994-2004

Losses

Formulaic intelligence (health record clerks, 63%/36K; secretaries & typists, 30%/1.3M; bookkeepers,

13%/247K)

Manual dexterity (sewing machine ops, 50%/347K; lathe ops, 49%/30K; butchers, 23%/67K)

Muscle power (timber cutters, 32%/25K; farm workers, 20%/182K)

Source: “Where the Jobs Are”/NYT/05.13.2004/data 1994-2004

“Over the last decade the biggest employment gains came in occupations that rely on people skills and emotional intelligence and among

jobs that require imagination and creativity. … Trying to preserve existing jobs will prove futile

—trade and technology will transform the economy whether we like it or not. Americans will be better off if they strive to move up the hierarchy of human talents. That’s where our

future lies.” —Michael Cox, Richard Alm and Nigel Holmes/“Where the Jobs Are”/NYT/05.13.2004

“The past few decades have belonged to a certain kind of person with a certain kind of mind—computer

programmers who could crank code, lawyers who could craft contracts, MBAs who could crunch

numbers. But the keys to the kingdom are changing hands. The future belongs to a very different kind of

person with a very different kind of mind—creators and empathizers, pattern recognizers and meaning makers.

These people—artists, inventors, designers, storytellers, caregivers, consolers, big picture thinkers—will now reap society’s richest rewards and share its

greatest joys.” —Dan Pink, A Whole New Mind

Agriculture Age (farmers)

Industrial Age (factory workers)

Information Age (knowledge workers)

Conceptual Age (creators and empathizers)

Source: Dan Pink, A Whole New Mind

Jobs Technology

Globalization Security

“Three quarters of the … FLAGS, BORDERS, ANTHEMS, and MONIES represented at the United Nations today … Did not exist 50 years ago.

States are falling apart at an unprecedented rate …Because governments and citizens do not understand …Why technology is relevant to their daily lives and …How it changes their future.”

Source: Juan Enriquez/As the Future Catches You

“THE FUTURE BELONGS TO … SMALL POPULATIONS … WHO BUILD

EMPIRES OF THE MIND … AND WHO IGNORE THE TEMPTATION OF—OR DO NOT HAVE THE

OPTION OF—EXPLOITING NATURAL RESOURCES.”


“THE HEART OF CELERA … IS THE WORLD’S LARGEST PRIVATE SUPERCOMPUTER …

FED 24 HOURS A DAY … BY SEQUENCING ROBOTS … AND CREATED-PROGRAM CONTROLLED

… BY A DOZEN GREAT MINDS.”


“A bureaucrat is an expensive microchip.” —Dan Sullivan/

consultant and executive coach

“UPS used to be a trucking

company with technology. Now it’s a technology

company with trucks.” —Forbes

Life Sciences

“WE ARE BEGINNING TO ACQUIRE … DIRECT AND

DELIBERATE CONTROL … OVER THE EVOLUTION OF ALL LIFE FORMS …

ON THE PLANET.”Source: Juan Enriquez, As The Future Catches You

“In a couple of decades the world’s dominant language became … strings of ones and zeroes.

Your world … and your language …

are about to change again. THE DOMINANT LANGUAGE … AND

ECONOMIC DRIVER … OF THIS CENTURY … IS GOING

TO BE … GENETICS.”Source: Juan Enriquez, As The Future Catches You

Jobs Technology

GlobalizationSecurity

“Vaunted German Engineers Face

Competition From China” —Headline, p1/WSJ/07.15.2004

“Asia’s rise is the economic event of our age. Should it proceed as it has

over the last few decades, it will bring the two centuries of global domination by Europe and, subsequently, its giant North American offshoot to an end.”

—Financial Times (09.22.2003)

“The world has arrived at a rare strategic inflection point where nearly half its population—living in China, India and Russia—have been integrated into the global market economy, many of

them highly educated workers, who can do

just about any job in the world. We’re talking about three

billion people.” —Craig Barrett/Intel/01.08.2004

Jobs Technology

Globalization

Security

“This is a dangerous world and it is going to become more dangerous.”

“We may not be interested in chaos but

chaos is interested in us.”

Source: Robert Cooper, The Breaking of Nations: Order and Chaos in the Twenty-first Century

2. Re-imagine Permanence:

The Emperor Has No Clothes!

“Wealth in this new regime flows directly from innovation, not optimization. That is, wealth is not gained by

perfecting the known, but by imperfectly seizing the unknown.” —Kevin Kelly, New Rules for the New

Economy

Once upon a time, there was a perpetual,

comforting night-time glow in the little boy’s

bedroom window …

And then …

Forbes100 from 1917 to 1987: 39 members of the Class of ’17 were alive

in ’87; 18 in ’87 F100; 18 F100 “survivors” underperformed the market

by 20%; just 2 (2%), GE & Kodak, outperformed the market 1917 to 1987.

S&P 500 from 1957 to 1997: 74 members of the Class of ’57 were

alive in ’97; 12 (2.4%) of 500 outperformed the market from 1957 to 1997.

Source: Dick Foster & Sarah Kaplan, Creative Destruction: Why Companies That Are Built to Last Underperform the Market

“Good management was the most powerful reason [leading firms] failed to stay atop their industries. Precisely because these firms

listened to their customers, invested aggressively in technologies that would provide their customers more

and better products of the sort they wanted, and because they carefully studied market trends and

systematically allocated investment capital to innovations that promised the best returns, they lost

their positions of leadership.”

Clayton Christensen, The Innovator’s Dilemma

“When asked to name just one big merger that had lived up to expectations, Leon

Cooperman, former cochairman of Goldman Sachs’ Investment Policy

Committee, answered: I’m sure there are success stories

out there, but at this moment I draw a blank.”

Mark Sirower, The Synergy Trap

“I don’t believe in

economies of scale. You don’t get better by being bigger. You get worse.” —Dick Kovacevich/

Wells Fargo/Forbes08.2004 (ROA: Wells, 1.7%; Citi, 1.5%; BofA, 1.3%; J.P. Morgan Chase, 0.9%)

“Acquisitions are about buying market share.

Our challenge is to create markets. There is a big difference.”

Peter Job, CEO, Reuters

Market Share, Anyone?

240 industries: Market-share

leader is ROA leader 29% of

the time

Source: Donald V. Potter, Wall Street Journal

No Wiggle Room!

“Incrementalism is innovation’s worst enemy.”

Nicholas Negroponte

Just Say No …

“I don’t intend to be known as the ‘King of

the Tinkerers.’ ”CEO, large financial services company

“Beware of the tyranny of making Small

Changes to Small

Things. Rather, make

Big Changes to Big Things.” —Roger Enrico, former Chairman, PepsiCo

3. Re-imagine Organizing I:

IS/IT as Disruptive Tool!

We all live in Dell-Wal*Mart-

eBay-Google World!

Productivity!

McKesson 2002-2003: Revenue … +$7B

Employees … +500

Source: USA Today/06.14.04

e-piphany

epicurious.com

“Ebusiness is about rebuilding the organization from the

ground up. Most companies today are not built to exploit the Internet.

Their business processes, their approvals, their hierarchies, the

number of people they employ … all of that is wrong for running an

ebusiness.”

Ray Lane, Kleiner Perkins

“The organizations we created have become tyrants. They have taken

control, holding us fettered, creating barriers that hinder rather than help our businesses. The lines that we drew on our neat organizational diagrams have turned into walls

that no one can scale or penetrate or even peer over.” —Frank Lekanne Deprez &

René Tissen, Zero Space: Moving Beyond Organizational Limits.

5% F500 have CIO on Board: “While some of the world’s

most admired companies—Tesco, Wal*Mart—are transforming the business

landscape by including technology experts on their boards, the vast majority are

missing out on ways to boost productivity, competitiveness and shareholder value.”

Source: Burson-Marsteller

3A. Re-imagine Organizing II:

What Organization?

“Organizations will still be critically important in the

world, but as ‘organizers,’ not

‘employers’!” — Charles Handy

07.04/TP In Nagano …

Revenue: $10B

FTE: 1*

*Maybe

“Don’t own nothin’ if you can help it. If you can, rent your

shoes.”F.G.

Not “out sourcing”Not “off shoring”

Not “near shoring”Not “in sourcing”

but …

“Best Sourcing”

“The corporation as we know it, which is now 120 years old, is

not likely to survive the next 25 years. Legally and

financially, yes, but not structurally and economically.”

Peter Drucker, Business 2.0

4. Re-imagine Organizing III: The White Collar Tsunami

and the Professional Service Firm (“PSF”)

Imperative.

E.g. …

Jeff Immelt: 75% of “admin, back room, finance” “digitalized” in

3 years.

Source: BW (01.28.02)

CompleteCase.com ($249 vs $3,000)

USLegalForms.com

TurboTax.com

YourDiagnosis.com

Sarah: “ Papa, what do you do?”

Papa: “I’m ‘overhead.’ ”

Sarah: “ Papa, what do you do?”

Papa: “I manage a ‘cost center.’ ”

Job One: Getting

(WAY) beyond the “Cost center,”

“Overhead” mentality!

Answer: PSF![Professional Service Firm]

Department Head

to …

Managing Partner, HR [IS, etc.] Inc.

“Typically in a mortgage company or financial services company, ‘risk

management’ is an overhead, not a revenue center. We’ve become more

than that. We pay for ourselves, and we

actually make money for the company.” —Frank

Eichorn, Director of Credit Risk Data Management Group, Wells Fargo Home Mortgage (Source: sas.com)

4A. The “PSF33”: Thirty-Three

Professional Service Firm Marks of Excellence

The PSF33: The Work & The Legacy

1. CRYSTAL CLEAR POINT OF VIEW (Every Practice Group: “If you can’t explain your position in eight words or less, then you don’t have a position”—Seth Godin)2. DRAMATIC DIFFERENCE (“We are the only ones who do what we do”—Jerry Garcia)3. Stretch Is Routine (“Never bite off less than you can chew”—anon.)4. Eye-Appetite for Game-changer Projects (Excellence at Assembling “Best Team”—Fast) 5. “Playful” Clients (Adventurous folks who unfailingly Aim to Change the World)6. Small “Uneconomic” Clients with Big Aims7. Life Is Too Short to Work with Jerks (Fire lousy clients)8. OBSESSED WITH LEGACY (Practice Group and Individual: “Dent the Universe”—Steve Jobs)9. Fire-on-the-spot Anyone Who Says, “Law/Architecture/Consulting/ I-banking/ Accounting/PR/Etc. has become a ‘commodity’ ”10. Consistent with #9 above … DO NOT SHY AWAY FROM THE WORD (IDEA) “RADICAL”

The PSF33: The Client Experience

11. Always team with client: “full partners in achieving memorable results” (Wanted: “Chimeras of Moonstruck Minds”!)12. We will seek assistance Anywhere to assemble the Best-in- Planet Team for the Project13. Client Team Members routinely declare that working with us was “the Peak Experience of my Career”14. The job’s not done until implementation is “100.00% complete” (Those who don’t “get it” must go)15. IMPLEMENTATION IS NOT COMPLETE UNTIL THE CLIENT HAS EXPERIENCED “CULTURE CHANGE”16. IMPLEMENTATION IS NOT COMPLETE UNTIL SIGNIFICANT “TECHNOLOGY TRANSFER” HAS TAKEN PLACE-ROOT (“Teach a man to fish …”)17. The Final Exam: DID WE MAKE A DRAMATIC, LASTING, GAME-CHANGING DIFFERENCE?

The PSF33: The People & The Leadership

18. TALENT FANATICS (“Best-Coolest place to work”) (PERIOD)19. EYE FOR THE PECULIAR (Hiring: Go beyond “same old, same old”) 20. Early Opportunities (vs. “Wait your turn”) 21. Up or Out (Based on “Legacy”/Mentoring as much as “Billings”/“Rainmaking”)22. Slide the Old Aside/Make Room for Youth (Find oldsters new roles?)23. TALENT IS OBSESSED WITH RENEWAL FROM DAY #1 TO DAY #“R” [R = Retirement]24. Office/Practice Leaders Evaluated Primarily on Mentoring-Team Building Skills25. Team Leadership Skills Valued Early26. Partner with B.I.W. [Best In World] Outsiders as Needed and to Infuse Different Views

The PSF33: The Firm & The Brand

27. EAT-SLEEP-BREATHE-OOZE INTEGRITY (“My life is my message”—Gandhi)28. Excellence+ in EXECUTION … 100.00% of the Time (No such thing as a “small sins”/World Series Ring to the Batboy!) 29. “Drop everything”/“Swarm” to Support a Harried-On The Verge Team30. SPEND AS AGGRESSIVELY ON R&D AS A TECH FIRM OR CIRQUE DU SOLEIL31. Web (Technology) Obsession32. BRAND/“LOVEMARK” MANIACS (Organize Around a Point of View Worth BROADCASTING: “You must be the change you wish to see in the world”—Gandhi)33. PASSION! ENTHUSIASM! (Passion & Enthusiasm have as much a place at the Head Table in a “PSF” as in a widgets factory: “You can’t behave in a calm, rational manner. You’ve got to be out there on the lunatic fringe”—Jack Welch)

Point of

View!

R.POV8**Remarkable Point Of View/8 Words or less/“If you can’t state your

position in eight words or less you don’t have a position.”--SG

“If you can’t state your

position in eight words or less you

don’t have a position.” —Seth Godin

Static/Imitative

Integrity.Quality.

Excellence.Continuous Improvement.

Superior Service (Exceeds Expectations.)

Completely Satisfactory Transaction.Smooth Evolution.

Market Share.

Dynamic/Different

Dramatic Difference!Disruptive!

Insanely Great! (Quality++++)

Life-(Industry-)changing Experience!Game-changing!

WOW!Surprise!Delight!

Breathtaking!Punctuated Equilibrium!

Market Creation!

5. Re-imagine Business’s Fundamental Value Proposition:

PSFs Unbound … Fighting “Inevitable

Commoditization” via “The Solutions Imperative.”

“The ‘surplus society’ has a surplus of

similar companies, employing

similar people, with similar educational backgrounds, coming up

with similar ideas, producing

similar things, with similar prices

and similar quality.”

Kjell Nordström and Jonas Ridderstråle, Funky Business

“Companies have defined so much ‘best practice’

that they are now more or less identical.”

Jesper Kunde, Unique Now ... or Never

Variety(11.04): 150 speakers @ $40K+

And the “M” Stands for … ?

Gerstner’s IBM: “Systems Integrator of

choice.” (BW)

IBM Global Services: $35B

Planetary Rainmaker-in-Chief

“[Sam] Palmisano’s strategy is to expand tech’s borders by pushing

users—and entire industries—toward radically different business models. The payoff for IBM would be access to an ocean of revenue—Palmisano estimates it

at $500 billion a year—that technology

companies have never been able to touch.” —Fortune/06.14.04

“By making the Global Delivery Model both legitimate and mainstream, we have brought the battle to our territory. That is, after all, the purpose of

strategy. We have become the leaders, and incumbents [IBM, Accenture] are followers, forever playing catch-up. … However, creating a new business

innovation is not enough for rules to be changed. The innovation must impact clients, competitors, investors, and society. We have seen all this in

spades. Clients have embraced the model and are demanding it in even greater measure. The acuteness of their circumstance, coupled with the capability and value of our solution, has made the choice not a choice.

Competitors have been dragged kicking and screaming to replicate what we

do. They face trauma and disruption, but the game has changed forever.

Investors have grasped that this is not a passing fancy, but a potential restructuring

of the way the world operates and how value will be created in the future.”

—Narayana Murthy, chairman’s letter, Infosys Annual Report 2003

+49%/profits

+52%/revenue

Source: WSJ/10.13.2004/“Infosys 2nd-Period Profit Rose Amid Demand for Outsourcing”

“Big Brown’s New Bag: UPS Aims to Be the Traffic Manager

for Corporate America” —Headline/BW/07.19.2004

“SCS”/Supply Chain Solutions: 750 locations;

$2.5B; fastest growing division; 19 acquisitions,

including a bank

Source: Fast Company/02.04

New York-Presbyterian: 7-year,

$500M enterprise-systems consulting and

equipment contract with GE

Medical SystemsSource: NYT/07.18.2004

Flextronics

--$14B; 100K employees; 60% p.a. growth (’93-’00)

-- “contract mfg” to EMS/Electronics Manufacturing Services (design, mfg, logistics, repair); “total package

of outsourcing solutions” (Pamela Gordon, Technology Forecasters)

-- “The future of manufacturing isn’t just in making

things but adding value” (3,500 design engineers)

Source: Asia Inc./02.2004

“Thaksinomics” (after Thaksin Shinawatra, PM)/

“Bangkok Fashion City”:

“managed asset reflation” (add to brand value of Thai

textiles by demonstrating flair and design excellence)


6. Re-imagine Enterprise as

Theater I: A World of Scintillating “Experiences.”

“Experiences are as distinct from services as services are from

goods.”Joseph Pine & James Gilmore, The Experience Economy:

Work Is Theatre & Every Business a Stage

“Club Med is more than just a ‘resort’; it’s a means of rediscovering oneself, of inventing an

entirely new ‘me.’ ”

Source: Jean-Marie Dru, Disruption

Experience: “Rebel Lifestyle!”

“What we sell is the ability for a 43-year-old accountant to dress in black leather, ride

through small towns and have people be afraid of him.”

Harley exec, quoted in Results-Based Leadership

2/503Q04

The “Experience Ladder”

Experiences Services

Goods Raw Materials

The “Experience Ladder”/TP

Experiences SolutionsServicesGoods

Raw Materials

One company’s answer:

CXO*

*Chief eXperience Officer

6A. Re-imagine Enterprise as

Theater II: Embracing the

“Dream Business.”

DREAM: “A dream is a complete moment in the life of a client.

Important experiences that tempt the client to commit substantial resources. The essence of the desires of the consumer. The

opportunity to help clients become what they want to be.” —Gian Luigi

Longinotti-Buitoni

The Marketing of Dreams (Dreamketing)

Dreamketing: Touching the clients’ dreams.Dreamketing: The art of telling stories

and entertaining.Dreamketing: Promote the dream, not

the product.Dreamketing: Build the brand around

the main dream.Dreamketing: Build the “buzz,” the

“hype,” the “cult.”Source: Gian Luigi Longinotti-Buitoni

Experience Ladder/TP

Dreams Come True Awesome Experiences

SolutionsServicesGoods

Raw Materials

“The Ritz-Carlton experience enlivens the

senses, instills well-being, and fulfills even

the unexpressed wishes and needs of our guests.”

— from the Ritz-Carlton Credo

“The sun is setting on the Information Society—even before we have fully adjusted to its demands as individuals and as

companies. We have lived as hunters and as farmers, we have worked in factories and now we live in an information-based

society whose icon is the computer. We stand facing the fifth kind of

society: the Dream Society.

… Future products will have to appeal to our hearts, not to our heads. Now is the time to add emotional value to products and

services.” —Rolf Jensen/The Dream Society:How the Coming Shift from Information to Imagination Will Transform Your Business

Six Market Profiles

1. Adventures for Sale2. The Market for Togetherness, Friendship and Love3. The Market for Care4. The Who-Am-I Market5. The Market for Peace of Mind6. The Market for Convictions

Rolf Jensen/The Dream Society: How the Coming Shift from Information to Imagination Will Transform Your Business

Six Market Profiles

1. Adventures for Sale/IBM-UPS-GE2. The Market for Togetherness, Friendship and Love/IBM-UPS-GE3. The Market for Care/IBM-UPS-GE4. The Who-Am-I Market/IBM-UPS-GE5. The Market for Peace of Mind/IBM-UPS-GE6. The Market for Convictions/IBM-UPS-GE

Rolf Jensen/The Dream Society: How the Coming Shift from Information to Imagination Will Transform Your Business

IBM, UPS, GE …

Dream Merchants!

PSFs (PSF33) …

Dream Merchants!

Point of

View!

R.POV8**Remarkable Point Of View/8 Words or less/“If you can’t state your

position in eight words or less you don’t have a position.”--SG

7. Re-imagine the “Soul” of Enterprise:

Design Rules!

Design’s place in the universe.

All Equal Except …

“At Sony we assume that all products of our competitors have basically the same

technology, price, performance and

features. Design is the only thing that differentiates one product from another in the

marketplace.”Norio Ohga

“Design is treated like a religion at

BMW.”Fortune

“We don’t have a good language to talk about this kind of thing. In most people’s

vocabularies, design means veneer. … But to me, nothing could be further from the

meaning of design. Design is the fundamental soul

of a man-made creation.”

Steve Jobs

Design coda.

“Having spent a century or more focused on other goals—solving manufacturing problems, lowering costs, making goods and services widely available, increasing convenience, saving

energy—we are increasingly engaged in making our world special. More people in more aspects of life are drawing

pleasure and meaning from the way their persons, places and

things look and feel. Whenever we have the chance, we’re adding sensory, emotional appeal to ordinary

function.” — Virginia Postrel, The Substance of Style: How the

Rise of Aesthetic Value Is Remaking Commerce, Culture and Consciousness

“With its carefully conceived mix of colors and

textures, aromas and music, Starbucks is more indicative of our era than the iMac. It is to the Age of

Aesthetics what McDonald’s was to the Age of Convenience or Ford was to the Age of Mass

Production—the touchstone success story, the exemplar of all that is good and bad about the

aesthetic imperative. … ‘Every Starbucks store is carefully designed to enhance the quality of everything the customers see, touch, hear,

smell or taste,’ writes CEO Howard Schultz.” —Virginia Postrel, The Substance of Style: How the Rise of Aesthetic Value Is

Remaking Commerce, Culture and Consciousness

DESIGN IS INEVITABLE! DESIGN IS THE DIFFERENCE!

DESIGN RULES!

8. Re-imagine the Fundamental Selling Proposition: “It” all adds up to …

THE BRAND. (THE STORY.)(THE DREAM.)(THE LOVE.)

“WHO ARE WE?”

“WHAT’S THE

DREAM?”

Nothing Is ImpossibleTo Be Revered As A HothouseFor World-changing Creative

Ideas That TransformOur Clients’ Brands,

Businesses, and Reputations

Source: Kevin Roberts/ Lovemarks /on Saatchi & Saatchi

“WHAT’S OUR

STORY?”

“We are in the twilight of a society based on data. As information and intelligence become the domain of computers, society will place more value on the one human ability that cannot be automated: emotion. Imagination,

myth, ritual - the language of emotion - will affect everything from our

purchasing decisions to how we work with others.

Companies will thrive on the basis of their stories

and myths. Companies will need to understand that their

products are less important than their stories.”

Rolf Jensen, Copenhagen Institute for Future Studies

Point of View!

“EXACTLY HOW ARE WE

DRAMATICALLY DIFFERENT?”

“Brands have run out of juice.

They’re dead.” —Kevin

Roberts/Saatchi & Saatchi

“Brands Are Out of Juice”

1. Brands are worn out from overuse.2. Brands are no longer mysterious.3. Brands can’t understand the new consumer.4. Brands struggle with good old-fashioned competition.5. Brands have been captured by formula.6. Brands have been smothered by creeping conservatism.

Source: Lovemarks: The Future Beyond Brands, Kevin Roberts

Kevin Roberts*:

Lovemarks!

*CEO/Saatchi & Saatchi

Brand …………………………………………………. LovemarkRecognized by consumers ………………. Loved by PeopleGeneric ………………………………………………… PersonalPresents a narrative ………………….. Creates a Love storyThe promise of quality ……………… A touch of SensualitySymbolic ………………………………………………….. IconicDefined ………………………………………………….. InfusedStatement ………………………………………………….. StoryDefined attributes ……………………... Wrapped in MysteryValues ………………………………………………………. SpiritProfessional …………………………... Passionately CreativeAdvertising agency ………………………….. Ideas company

Source: Kevin Roberts, Lovemarks

*Mystery

*Magic

*Sensuality

*Enchantement

*Intimacy

*ExplorationSource: Kevin Roberts (e.g. Apple/iMac/ “Yum.”)

Top 10 “Tattoo Brands”*

Harley .… 18.9%Disney .... 14.8

Coke …. 7.7Google .... 6.6Pepsi .... 6.1Rolex …. 5.6Nike …. 4.6

Adidas …. 3.1Absolut …. 2.6

Nintendo …. 1.5

*BRANDsense: Build Powerful Brands through Touch, Taste, Smell, Sight, and Sound, Martin Lindstrom

New “C-Levels”

CXO*

*Chief eXperience Officer

CFO*

*Chief Festivals Officer

CCO*

*Chief Conversations Officer

CLO*

*Chief LoveMark Officer

CPI**Chief Portal Impresario

CWO*

*Chief WOW Officer

CDM*

*Chief Dream Merchant

CSTO*

*Chief StoryTelling Officer

9. Re-imagine the Roots of Innovation: THINK WEIRD … the

High Value Added Bedrock.

FLASH:

Innovation is

easy!

Saviors-in-Waiting

Disgruntled CustomersOff-the-Scope Competitors

Rogue EmployeesFringe Suppliers

Wayne Burkan, Wide Angle Vision: Beat the Competition by Focusing on Fringe Competitors, Lost Customers, and Rogue Employees

“To grow, companies need to break out of a

vicious cycle of competitive

benchmarking and imitation.” —W. Chan Kim & Renée

Mauborgne, “Think for Yourself —Stop Copying a Rival,” Financial Times/08.11.03

“This is an essay about what it takes to create and sell something remarkable. It is a plea for originality, passion, guts and daring. You can’t be remarkable by following someone else who’s remarkable. One way to figure out a theory is to look at what’s working in the real world and determine what the successes have in common. But what could the Four Seasons and Motel 6 possibly have in common? Or Neiman-

Marcus and Wal*Mart? Or Nokia (bringing out new hardware every 30 days or so) and Nintendo (marketing the same Game Boy 14 years in a row)? It’s like trying to drive

looking in the rearview mirror. The thing that all these companies have in common is that they have nothing in common. They are

outliers. They’re on the fringes. Superfast or superslow. Very exclusive or very cheap. Extremely big or extremely small. The reason it’s so hard to follow the leader is this: The leader is the leader precisely because he did something remarkable. And that remarkable thing is now taken—so it’s no longer remarkable when you decide to

do it.” —Seth Godin, Fast Company/02.2003

“How do dominant companies lose their

position? Two-thirds of the time, they pick the wrong competitor to

worry about.” —Don Listwin, CEO,

Openwave Systems/WSJ/06.01.2004 (commenting on Nokia)

Kodak …. FujiGM …. FordFord …. GM

IBM …. Siemens, FujitsuSears … Kmart

Xerox …. Kodak, IBM

“Researchers asked subjects to count the number of times ballplayers with white shirts pitched a ball back and forth in a video. Most subjects were so thoroughly engaged in watching

white shirts that they failed to notice a black gorilla that wandered across the scene and paused in the middle to beat his

chest. They had their noses buried in their work that they didn’t even see the gorilla. What gorillas are moving through your

field of vision while you are so hard at work that you fail to see them? Will some of these 800-pound gorillas ultimately disrupt

your game?” —Jerry Wind and Colin Crook, The Power of Impossible Thinking: If

You Can Think Impossible Thoughts, You Can Do Impossible Things

Employees: “Are there enough weird

people in the lab these days?”

V. Chmn., pharmaceutical house, to a lab director

Why Do I love Freaks?

(1) Because when Anything Interesting happens … it was a freak who did it. (Period.) (2) Freaks are fun. (Freaks are also a pain.) (Freaks are never boring.) (3) We need freaks. Especially in freaky times. (Hint: These are freaky times, for you & me & the CIA & the Army & Avon.) (4) A critical mass of freaks-in-our-midst automatically make us-who-are-not-so-freaky at least somewhat more freaky. (Which is a Good Thing in freaky times—see immediately above.) (5) Freaks are the only (ONLY) ones who succeed—as in, make it into the history books. (6) Freaks keep us from falling into ruts. (If we listen to them.) (We seldom listen to them.) (Which is why most of us—and our organizations—are in ruts. Make that chasms.)

Measure “Strangeness”/Portfolio Quality

StaffConsultants

VendorsOut-sourcing Partners (#, Quality)

Innovation Alliance PartnersCustomers

Competitors (who we “benchmark” against)

Strategic Initiatives Product Portfolio (LineEx v. Leap)

IS/IT ProjectsHQ LocationLunch Mates

LanguageBoard

“The Bottleneck is at the Top of the Bottle”

“Where are you likely to find people with the least diversity of experience, the largest investment in the past, and the greatest

reverence for industry dogma?

At the top!” — Gary Hamel/“Strategy or Revolution”/Harvard Business Review

Static/Imitative

Integrity.Quality.

Excellence.Continuous Improvement.

Superior Service (Exceeds Expectations.)

Completely Satisfactory Transaction.Smooth Evolution.

Market Share.

Dynamic/Different

Dramatic Difference!Disruptive!

Insanely Great! (Quality++++)

Life-(Industry-)changing Experience!Game-changing!

WOW!Surprise!Delight!

Breathtaking!Punctuated Equilibrium!

Market Creation!

Kevin Roberts’ Credo

1. Ready. Fire! Aim.2. If it ain’t broke ... Break it!3. Hire crazies.4. Ask dumb questions.5. Pursue failure.6. Lead, follow ... or get out of the way!7. Spread confusion.8. Ditch your office.9. Read odd stuff.

10. Avoid moderation!

9A. The SE17: Origins of Sustainable

Entrepreneurship

SE17/Origins of Sustainable Entrepreneurship

1. Genetically disposed to Innovations that upset apple carts (3M, Apple, FedEx, Virgin, BMW, Sony, Nike, Schwab, Starbucks, Oracle, Sun, Fox, Stanford University, MIT)

2. Perpetually determined to outdo oneself, even to the detriment of today’s $$$ winners (Apple, Cirque du Soleil, Microsoft, Nokia, FedEx)

3. Love the Great Leap/Enjoy the Hunt (Apple, Oracle, Intel, Nokia, Sony)

4. Encourage Vigorous Dissent/Genetically “Noisy” (Intel, Apple, Microsoft, CitiGroup, PepsiCo)

5. “Culturally” as well as organizationally Decentralized (GE, J&J, Omnicom)

6. Multi-entrepreneurship/Many Independent-minded Stars (GE, PepsiCo, Time Warner)


7. Keep decentralizing—tireless in pursuit of wiping out Centralizing Tendencies (J&J, Virgin)

8. Scour the world for Ingenious Alliance Partners—especially exciting start-ups (Pfizer)

9. Acquire for Innovation, not Market Share (Cisco, GE)

10. Don’t overdo “pursuit of synergy” (GE, J&J, Time Warner)

11. Find and Encourage and Promote Strong-willed/ Independent people (GE, PepsiCo)

12. Ferret out Talent … anywhere and everywhere/“No limits” approach to retaining top talent (Nike, Virgin, GE, PepsiCo)


13. Unmistakable Results & Accountability focus from the get-go to the grave (GE, New York Yankees, PepsiCo)

14. Up or Out (GE, McKinsey, big consultancies and law firms and ad agencies and movie studios in general)

15. Competitive to a fault! (GE, New York Yankees, News Corp/Fox, PepsiCo)

16. “Bi-polar” Top Team, with “Unglued” Innovator #1, powerful Control Freak #2 (Oracle, Virgin) (Watch out when #2 is missing: Enron)

17. Masters of Loose-Tight/Hard-nosed about a very few Core Values, Open-minded about everything else (Virgin)

10. Re-imagine the Customer I: Trends Worth

Trillion$$$ …

Women Roar.

?????????

Home Furnishings … 94%Vacations … 92% (Adventure Travel … 70%/ $55B travel equipment)

Houses … 91%D.I.Y. (major “home projects”) … 80%

Consumer Electronics … 51% (66% home computers)

Cars … 68% (90%)All consumer purchases … 83%

Bank Account … 89%Household investment decisions … 67%Small business loans/biz starts … 70%

Health Care … 80%

Business Purchasing Power

Purchasing mgrs. & agents: 51%HR: >>50%

Admin officers: >50%

Source: Martha Barletta, Marketing to Women

91% women: ADVERTISERS DON’T

UNDERSTAND US. (58% “ANNOYED.”)

Source: Greenfield Online for Arnold’s Women’s Insight Team (Martha Barletta, Marketing to Women)

FemaleThink/ Popcorn & Marigold

“Men and women don’t think the same way, don’t communicate the same way, don’t buy for the same

reasons.”

“He simply wants the transaction to take place. She’s interested in

creating a relationship. Every place women go, they make

connections.”

“Resting” State: 30%, 90%: “A woman knows her children’s

friends, hopes, dreams, romances, secret fears, what they are

thinking, how they are feeling. Men are vaguely aware of some short people also living in the house.”

Barbara & Allan Pease, Why Men Don’t Listen & Women Can’t Read Maps

“As a hunter, a man needed vision that would allow him to zero in on targets in the distance … whereas a woman needed eyes

to allow a wide arc of vision so that she could monitor any predators sneaking up on the nest. This is why modern men can find their way effortlessly to a distant pub,

but can never find things in fridges, cupboards or drawers.”

Barbara & Allan Pease, Why Men Don’t Listen & Women Can’t Read Maps

Senses

Vision: Men, focused; Women, peripheral.

Hearing: Women’s discomfort level I/2 men’s.

Smell: Women >> Men.Touch: Most sensitive man <

Least sensitive women.


Editorial/Men: Tables, rankings.*

Editorial/Women: Narratives that cohere.*

*Redwood (UK)

Initiate Purchase

Men: Study “facts & features.”

Women: Ask lots of people for input.


Thanks, Marti

Barletta!

The Perfect Answer

Jill and Jack buy slacks in black…

Read This Book …

EVEolution: The Eight Truths of Marketing to Women

Faith Popcorn & Lys Marigold

EVEolution: Truth No. 1

Connecting Your Female Consumers to Each

Other Connects Them to Your Brand

“The ‘Connection Proclivity’ in women starts early. When asked,

‘How was school today?’ a girl usually tells her mother every

detail of what happened, while a boy might grunt, ‘Fine.’ ”

EVEolution

“Women don’t buy

brands. They join them.”

EVEolution

2.6 vs. 21

“One good thing about being a man is that men don’t

have to talk to each other.” —Peter Cocotas

1. Men and women are different.2. Very different.3. VERY, VERY DIFFERENT.4. Women & Men have a-b-s-o-l-u-t-e-l-y nothing in common.5. Women buy lotsa stuff.6. WOMEN BUY A-L-L THE STUFF.7. Women’s Market = Opportunity No. 1.8. Men are (STILL) in charge.9. MEN ARE … TOTALLY, HOPELESSLY CLUELESS ABOUT WOMEN.10. Women’s Market = Opportunity No. 1.

11. Re-imagine the Customer II: Trends Worth

Trillion$$$ … Boomer Bonanza/ Godzilla

Geezer.

2000-2010 Stats

18-44: -1%

55+: +21%(55-64: +47%)

44-65: “New Consumer Majority” *

*45% larger than 18-43; 60% larger by 2010Source: Ageless Marketing, David Wolfe & Robert Snyder

“The New Customer Majority is the only adult

market with realistic prospects for significant

sales growth in dozens of product lines for thousands of companies.” —David Wolfe & Robert

Snyder, Ageless Marketing

“Households headed by someone 40 or older enjoy 91% ($9.7T) of our population’s

net worth. … The mature market is the dominant market in the U.S. economy, making the majority

of expenditures in virtually every category.” —Carol Morgan & Doran Levy,

Marketing to the Mindset of Boomers and Their Elders

50+

$7T wealth (70%)/$2T annual income50% all discretionary spending

79% own homes/40M credit card users41% new cars/48% luxury cars

$610B healthcare spending/74% prescription drugs

5% of advertising targets

Ken Dychtwald, Age Power: How the 21st Century Will Be Ruled by the New Old

“Focused on assessing the marketplace based on lifetime value (LTV), marketers

may dismiss the mature market as headed

to its grave. The reality is that at 60 a person in the U.S. may enjoy 20 or 30 years of life.” —Carol Morgan &

Doran Levy, Marketing to the Mindset of Boomers and Their Elders

“Marketers attempts at reaching those over 50 have

been miserably unsuccessful. No market’s motivations and needs are so poorly understood.”—Peter

Francese, founding publisher, American Demographics

Possession Experiences /“Desires for things”/Young adulthood/to 38

Catered Experiences/ “Desires to be served by others”/Middle adulthood

Being Experiences/“Desires for trancending experiences”/Late

adulthood

Source: David Wolfe and Robert Snyder/Ageless Marketing

No: “Target Marketing”

Yes: “Target

Innovation” & “Target Delivery Systems”

12. Re-imagine the Individual I: Welcome

to a Brand You World.

“If there is nothing very special about

your work, no matter how hard you apply yourself you won’t get noticed, and that

increasingly means you won’t get paid much either.”

Michael Goldhaber, Wired

New Work SurvivalKit2005

1. Mastery! (Best/Absurdly Good at Something!)2. “Manage” to Legacy (All Work = “Memorable”/“Braggable” WOW Projects!)3. A “USP”/Unique Selling Proposition (R.POV8: Remarkable Point of View … captured in 8 or less words) 4. Rolodex Obsession (From vertical/hierarchy/“suck up” loyalty to horizontal/“colleague”/“mate” loyalty)5. Entrepreneurial Instinct (A sleepless … Eye for Opportunity! E.g.: Small Opp for Independent Action beats faceless part of Monster Project)6. CEO/Leader/Businessperson/Closer (CEO, Me Inc. Period! 24/7!)7. Mistress of Improv (Play a dozen parts simultaneously, from Chief Strategist to Chief Toilet Scrubber)8. Sense of Humor (A willingness to Screw Up & Move On)9. Comfortable with Your Skin (Bring “interesting you” to work!)10. Intense Appetite for Technology (E.g.: How Cool-Active is your Web site? Do you Blog?)11. Embrace “Marketing” (Your own CSO/Chief Storytelling Officer)12. Passion for Renewal (Your own CLO/Chief Learning Officer) 13. Execution Excellence! (Show up on time! Leave last!)

Distinct …

or … Extinct

13. Re-imagine

Excellence I: The Talent

Obsession.

Agriculture Age (farmers)

Industrial Age (factory workers)

Information Age (knowledge workers)

Conceptual Age (creators and empathizers)

Source: Dan Pink, A Whole New Mind

“Human creativity is the ultimate

economic resource.” —Richard Florida,

The Rise of the Creative Class

Brand = Talent.

“The leaders of Great Groups love talent and know where to find it. They revel in

the talent of others.”Warren Bennis & Patricia Ward Biederman,

Organizing Genius

From “1, 2 or you’re out” [JW] to …

“Best Talent in each industry segment to build

best proprietary intangibles” [EM]

Source: Ed Michaels, War for Talent

Did We Say “Talent Matters”?

“The top software developers are more productive than average software

developers not by a factor of 10X or 100X, or even 1,000X,

but 10,000X.” —Nathan

Myhrvold, former Chief Scientist, Microsoft

The Cracked Ones Let in the Light

“Our business needs a massive transfusion of talent, and talent, I believe, is most

likely to be found among non-conformists,

dissenters and rebels.”—David Ogilvy

CM Prof Richard Florida on

“Creative Capital”: “You cannot get a technologically

innovative place … unless it’s open to weirdness,

eccentricity and difference.”

Source: New York Times/06.01.2002

Our Mission

To develop and manage talent;to apply that talent,

throughout the world, for the benefit of clients;to do so in partnership;

to do so with profit.

WPP

13A. Re-imagine Excellence II: Meet the

New Boss … Women Rule!

“AS LEADERS, WOMEN RULE: New Studies find that female managers

outshine their male counterparts in almost

every measure”Title, Special Report/BusinessWeek

Women’s Strengths Match New Economy Imperatives: Link [rather than rank] workers;

favor interactive-collaborative leadership style [empowerment beats top-down decision making]; sustain fruitful collaborations; comfortable with sharing information; see redistribution of power

as victory, not surrender; favor multi-dimensional feedback; value technical & interpersonal skills, individual & group contributions equally; readily accept ambiguity; honor intuition as well as pure

“rationality”; inherently flexible; appreciate cultural diversity.

Source: Judy B. Rosener, America’s Competitive Secret: Women Managers

Opportunity!

U.S. G.B. E.U. Ja.

M.Mgt. 41% 29% 18% 6%

T.Mgt. 4% 3% 2% <1%

Peak Partic. Age 45 22 27 19

% Coll. Stud. 52% 50% 48% 26%

Source: Judy Rosener, America’s Competitive Secret

14. Re-imagine Excellence III: New

Education for “R-World.”

“Every time I pass a jailhouse or a school,

I feel sorry for the people inside.” —Jimmy

Breslin, on “summer school” in NYC [“If they haven’t learned in the winter, what are they going to remember from days when they should

be swimming?”]

“My wife and I went to a [kindergarten] parent-teacher conference and were informed that our budding

refrigerator artist, Christopher, would be receiving a grade of Unsatisfactory in art. We were shocked. How could any child—let alone our child—receive a poor

grade in art at such a young age? His teacher informed us that he had refused to color within the lines, which was a

state requirement for demonstrating ‘grade-level motor

skills.’ ” —Jordan Ayan, AHA!

Ye gads: “Thomas Stanley has not only found no correlation between success in school and an ability to accumulate wealth, he’s actually

found a negative correlation. ‘It seems that school-related evaluations are poor predictors of economic

success,’ Stanley concluded. What did predict success was a willingness to take risks. Yet the success-failure standards of most schools penalized risk takers. Most educational systems reward those who play it safe. As a result, those who do well in

school find it hard to take risks later on.”

Richard Farson & Ralph Keyes, Whoever Makes the Most Mistakes Wins

14A. Re-imagine Excellence IV: New

Business Education for “C*-World.” (*C = Crazy, Creative)

15 “Leading” Biz Schools

Design/Core: 0Design/Elective: 1

Creativity/Core: 0Creativity/Elective: 4

Innovation/Core: 0Innovation/Elective: 6

Source: DMI/Summer 2002

New Economy Biz Degree Programs

MBA (Master of Business Administration) MMM1 (Master of Metaphysical Management)

MMM2 (Master of Metabolic Management)

MGLF (Master of Great Leaps Forward)

MTD (Master of Talent Development)

W/MwGTDw/oC (Guy/Gal Who Gets Things Done without Certificate)

DE (Doctor of Enthusiasm)

15. Re-imagine Leadership for Totally Screwed-Up

Times:

The Passion Imperative.

Start a

Crusade!

G.H.: “Create a ‘cause,’ not a ‘business.’ ”

Think

Legacy!

“Management has a lot to do with answers. Leadership is a function of

questions. And the first question

for a leader always is: ‘Who do we intend to be?’ Not ‘What are we going to do?’ but ‘Who do we intend to be?’”

—Max De Pree, Herman Miller

Ah, kids: “What is your vision for the future?” “What have you accomplished since your first book?” “Close your eyes and

imagine me immediately doing something about what you’ve just said. What would it be?”

“Do you feel you have an obligation to ‘Make the world a

better place’?”

Trumpet an Exhilarating

Story!

“A key – perhaps the key – to leadership is the effective

communication of a story.”

Howard Gardner Leading Minds: An Anatomy of Leadership

Job #1?

Paint Pictures of

Excellence!

Make It a Grand

Adventure!

“Ninety percent of what we call ‘management’ consists of making it difficult for people to

get things done.” – Peter Drucker

“I don’t know.”

Quests!

Organizing Genius / Warren Bennis and Patricia Ward Biederman

“Groups become great only when everyone in them, leaders and

members alike, is free to do his or her absolute best.”

“The best thing a leader can do for a

Great Group is to allow its members to discover their

greatness.”

Yes!!!!!!!!!!!!!!!!!

“free to do his or her absolute best” …

“allow its members to discover their

greatness.”

“Reward excellent

failures. Punish mediocre

successes.”Phil Daniels, Sydney exec (and, de facto, Jack)

Insist on

Speed!

Read It Closely: “We don’t sell

insurance anymore. We sell speed.”

Peter Lewis, Progressive

“Strategy meetings held once

or twice a year” to “Strategy meetings needed several

times a week”

Source: New York Times on Meg Whitman/eBay

Dispense

Enthusiasm!

BZ: “I am a … Dispenser of Enthusiasm!”

“Nothing is so contagious as enthusiasm.”

—Samuel Taylor Coleridge

“A man without a smiling face

must not open a shop.” —Chinese Proverb*

*Courtesy Tom Morris, The Art of Achievement

“You must be the change you wish to see in the world.”

Gandhi

“You can’t behave in a calm, rational

manner. You’ve got to be out there on

the lunatic fringe.” —

Jack Welch

“If I had any epitaph that I would rather have more than any other, it would

be to say that I had disturbed the sleep of my generation.” —Adlai Stevenson

“In classical times when Cicero had finished

speaking, the people said, ‘How well he spoke,’ but when Demosthenes had

finished speaking, they said, ‘Let us march.’” —Adlai Stevenson

tom peters’ re-imagine! business excellence in a disruptive age interlaken/11january2005

Documents

business excellence

business traders

business growers

fathers world

sauder school of business

big pharmas focus

new phase of business

organic growth targets